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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (17,492) $ (76,643)
Adjustments to reconcile net loss to cash flows from operating activities:    
Gain from sale of Priority Review Voucher (108,069)  
Depreciation and amortization 6,529 4,879
Reduction in the carrying amounts of the right of use assets 2,153 1,491
Amortization of investment discount (1,284) (3,476)
Non-cash interest expense 6,342 5,208
Stock-based compensation 24,024 16,139
Other (1,381) 88
Changes in operating assets and liabilities, net:    
Net increase in accounts receivable (15,996) (1,466)
Net increase in inventory (1,789) (15,022)
Net increase in other assets (27,966) (79,564)
Net increase in deferred revenue 820,437 682
Net (decrease) increase in accounts payable, accrued expenses and other liabilities (57,718) 1,451
Net cash provided by (used in) operating activities 627,790 (146,233)
Cash flows from investing activities:    
Purchase of property and equipment (9,120) (16,263)
Proceeds from sale of Priority Review Voucher, net of commission 108,069  
Purchase of available-for-sale securities (365,437) (494,481)
Maturity and sale of available-for-sale securities 250,000 646,830
Other (1,192) (855)
Net cash (used in) provided by investing activities (17,680) 135,231
Cash flows from financing activities:    
Proceeds from issuance of common stock to Roche   365,264
Proceeds from exercise of stock options and purchase of stock under the Employee Stock Purchase Program 7,482 12,299
Taxes paid related to net share settlement of equity awards (4,798)  
Net cash provided by financing activities 319,022 377,563
Increase in cash, cash equivalents and restricted cash 929,132 366,561
Cash, cash equivalents and restricted cash:    
Beginning of period 843,645 370,829
End of period 1,772,777 737,390
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,764,212 732,190
Restricted cash in other assets $ 8,565 $ 5,200
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent
Total cash, cash equivalents and restricted cash $ 1,772,777 $ 737,390
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 5,385  
Supplemental schedule of non-cash investing activities and financing activities:    
Issuance costs related to the Roche Collaboration in accrued expenses 4,285  
Manufacturing right of use asset additions 27,554  
Manufacturing lease liability additions 24,783  
Sale of available-for-sale securities included in investment receivable   42,300
Intangible assets and property and equipment included in accrued expenses 6,154 $ 3,108
Roche    
Cash flows from financing activities:    
Proceeds from issuance of common stock to Roche $ 316,338